Page 1 of 1
Use the model A=Pert or A=P(1+nr)nt, where A is the future value of P dollars invested at interest rate r compounded co
Posted: Thu Jul 14, 2022 3:47 pm
by answerhappygod
- Use The Model A Pert Or A P 1 Nr Nt Where A Is The Future Value Of P Dollars Invested At Interest Rate R Compounded Co 1 (21.65 KiB) Viewed 35 times
Use the model A=Pert or A=P(1+nr)nt, where A is the future value of P dollars invested at interest rate r compounded continuously or n times per year for t years. $6000 grows to $9131.77 in 10 years under continuous compounding. Find the interest rate. Round to the nearest tenth of a percent. The interest rate is approximately %.